WASHINGTON: Confirming the solidifying of the economic outlook for India over the next few months, Conference Board Leading Economic Index (LEI) for India has increased 0.7 per cent in May as seven of the eight components contributing positively, the US based body said. "Financial indicators and exports contributed to May's large increase in the Leading Economic Index for India," said Jing Sima, Economist at The Conference Board. "Sentiment and consumption have also...

NEW DELHI: The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen other Asian markets. Tracking the momentum, the index may head higher and reclaim its crucial psychological level of 8800. However, it may come under pressure at higher levels, and further consolidate in a range ahead of crucial F&O expiry and budget. At 07:30 a.m., Nifty India stock futures in Singapore were trading 26 points higher at 8,799 indicating a higher...

NEW YORK : Consumer confidence took an unexpectedly sharp hit, dropping to a five-year low in March, the Conference Board said on Tuesday, as expectations for the future tumbled to their lowest in 34 years. Consumers continued to fret over job prospects, the Conference Board said, as the labour market continues to tighten amid an economic slowdown brought on by the worst housing slump in a generation. The Conference Board said its index of consumer sentiment fell in March to 64.5 ?

WASHINGTON: US consumer confidence rose more than expected in August after two consecutive months of declines, buoyed by a jump in recovery hopes for the coming months, the Conference Board said Tuesday. The business research firm said its consumer confidence index climbed to 54.1 in August from an upwardly revised 47.4 in July. The rebound in confidence was stronger than the 47.9 reading that most analysts had expected. The index had hit an eight-month peak of 54.8...

By SAM RO We're still hitting new records in the stock market. First, the scoreboard: Dow: 17,106.7, +29.8, (+0.1%) S&P 500: 2,000.0, +2.1, (+0.1%) Nasdaq: 4,570.6, +13.2, (+0.2%) And now, the top stories on Monday: 1. The S&P 500 got as high as 2,005.04 before settling at 2,000.02 for the day. To be clear, the S&P got above 2,000 on Monday before closing just below that level. 2. Durable goods orders surged...

WASHINGTON: Confirming the solidifying of the economic outlook for India over the next few months, Conference Board Leading Economic Index (LEI) for India has increased 0.7 per cent in May as seven of the eight components contributing positively, the US based body said. "Financial indicators and exports contributed to May's large increase in the Leading Economic Index for India," said Jing Sima, Economist at The Conference Board. "Sentiment and...

WASHINGTON: Consumer confidence fell in August by the most since just after Hurricane Katrina two years ago, as tumbling stock prices and lower home values left Americans feeling less wealthy. Conference Board's index of confidence declined to 105 from 111.9 in July. Economists had expected a reading of 104, according to a survey. Earlier on Tuesday, another report showed home prices in the US dropped by a record amount in the second quarter. The housing...

MUMBAI: Investors and businesses should bury hopes of any immediate recovery in the economic growth as even the long term trend growth could fall to 5% annually as investment slowdown and heavy services sector weigh says a top growth forecaster. Over the long term, even though India has the potential to grow rapidly on the positive impact of population growth, the economy is likely to slowdown said Bart van Ark, chief economist, The Conference Board. " The simple reason is that...

WASHINGTON: Confidence among US consumers fell more than anticipated in February to the lowest level since April 2009 as the outlook for jobs diminished, a sign spending may be slow to gain traction as the economy recovers. The Conference Board's confidence index declined to 46, exceeding the lowest forecast in a Bloomberg News survey of economists, from a revised 56.5 in January, a report from the New York-based private research group showed on...

NEW YORK: Wall Street stocks wobbled lower as worries about the spread of swine flu and a weak banking system offset a survey showing rising US consumer confidence. The Dow Jones Industrial Average edged down 8.05 points (0.10 per cent) to close at 8,016.95, in a choppy session that saw modest swings in both directions. The Nasdaq composite shed 5.60 points (0.33 per cent) to 1,673.81 and the Standard & Poor's 500 broad-market index lost 2.35 points (0.27 per...

NEW DELHI: IT distribution, services and solutions major HCL Infosystems, today announced the appointment of two new independent non-executive directors, Sangeeta Talwar and Kaushik Dutta on its board. Mrs Talwar is a business leader with a career spanning more than 30 years. She had set up businesses, built brands and managed companies across areas. She has served on the Board of directors of Tata Tea, Tata Coffee, Eight O'clock Coffee (USA), Oriental Hotels and Mother Dairy Fruit &...

MUMBAI: Investors and businesses should bury hopes of any immediate recovery in the economic growth as even the long term trend growth could fall to 5% annually as investment slowdown and heavy services sector weigh says a top growth forecaster. Over the long term, even though India has the potential to grow rapidly on the positive impact of population growth, the economy is likely to slowdown said Bart van Ark, chief economist, The Conference Board. " The simple reason is...

NEW YORK: Wall Street trade was mixed on Tuesday after data showed a slight improvement in consumer confidence and as a strengthening dollar offset a string of positive corporate earnings reports. The blue-chip Dow Jones Industrial Average was up 0.68 points (0.01 percent) to 11,164.73 points by 1430 GMT, while the broader S&P 500 index lost 1.09 points (0.09 percent) at 1,184.51 points. The tech-rich Nasdaq composite index was down 0.35...

WASHINGTON: Confidence among US consumers fell in September to the lowest level in seven months as Americans became more pessimistic about the labour market . The Conference Board's confidence index declined to 48.5, lower than forecast, from 53.2 the prior month, figures from the New York-based private research group showed on Tuesday. The median estimate of economists in a Bloomberg News survey was for a decline to 52.1. An unemployment rate...

NEW YORK: The worries about the global economy and tensions between North and South Korea. The Dow fell 206.51, or 2.1 percent, to 9,859.76. It closed at 10,066 on Monday and has fallen 1,346 points, or more than 12 percent, from its recent high of 11,205, reached April 26. Investors also exited the euro and commodities including oil and again sought the safety of Treasurys. That sent yields and interest rates lower. The benchmark 10-year note's yield fell to its...

WASHINGTON: Confidence among US consumers fell more than anticipated in February to the lowest level since April 2009 as the outlook for jobs diminished, a sign spending may be slow to gain traction as the economy recovers. The Conference Board's confidence index declined to 46, exceeding the lowest forecast in a Bloomberg News survey of economists, from a revised 56.5 in January, a report from the New York-based private research group showed on Tuesday. Concerns about the...